Lyckegard Group AB (LYGRD) AI Stock Analysis

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Lyckegard Group AB

(Nasdaq OMX AB:LYGRD)

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Rating:53Neutral

Price Target:SEK 2.50▼(-0.40% Downside)

Action:reiterated

Date:11/04/26

The score is primarily supported by improving financial performance (return to profitability and improved balance-sheet leverage), but is held back by weak technicals (trading below major moving averages with negative MACD) and moderate valuation that does not fully compensate for thin gross margins and historically inconsistent cash generation.

Positive Factors

Revenue GrowthPositive TTM revenue growth indicates improving commercial traction and expanding activity in the business. If sustained, higher sales can provide operating leverage and support reinvestment, although the benefit will depend on converting growth into durable margins and cash generation.

Negative Factors

Thin Gross MarginA very thin gross margin leaves limited room to absorb cost increases, pricing pressure, or execution errors before operating profit is affected. It also suggests that the recent earnings recovery may be difficult to sustain unless revenue growth and cost control consistently offset the narrow gross-profit buffer.

Lyckegard Group AB (LYGRD) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 170.84M
Dividend Yield: ―
Average Volume (3M): 17.80K
Price to Earnings (P/E): 19.7
Beta (1Y): -0.12
Revenue Growth: 12.70%
EPS Growth: ―
Country: Sweden
Employees: 54
Sector: General
Sector Strength: 55
Industry: Agricultural - Machinery

Lyckegard Group AB Business Overview & Revenue Model

Company Description

Lyckegård Group AB (publ), a company based in Staffanstorp, Sweden, focuses on creating, promoting, and distributing mechanical tools specifically designed for sustainable agriculture. Their market reach spans Sweden, Norway, and Finland. The company...

Lyckegard Group AB Financial Statement Overview

Summary

TTM results show a meaningful turnaround with positive net income (~3.7% net margin) and positive EBIT, alongside improved leverage versus the stressed 2024 profile. Offsetting this, gross margin remains very thin (low-single-digits) and prior years showed heavy losses and cash burn, which raises concern about the durability of the rebound.

Income Statement

62Positive

Balance Sheet

68Positive

Cash Flow

46Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	231.80M	205.38M	184.52M	165.19M	54.30M	39.11M
Gross Profit	7.38M	2.78M	69.22M	71.34M	-20.60M	-11.49M
EBITDA	21.90M	16.11M	-40.25M	-23.58M	-12.80M	-5.47M
Net Income	8.33M	4.94M	-60.78M	-44.50M	-22.29M	-11.28M
Balance Sheet
Total Assets	129.19M	105.15M	107.02M	164.27M	98.97M	59.38M
Cash, Cash Equivalents and Short-Term Investments	2.27M	8.23M	299.00K	2.92M	3.64M	303.09K
Total Debt	21.01M	13.39M	26.84M	38.25M	25.44M	13.41M
Total Liabilities	85.31M	67.36M	89.16M	107.41M	45.14M	36.39M
Stockholders Equity	43.88M	37.79M	17.86M	56.86M	53.83M	22.99M
Cash Flow
Free Cash Flow	6.63M	6.69M	-2.58M	-3.93M	-14.73M	-5.11M
Operating Cash Flow	8.69M	7.00M	878.00K	3.35M	-9.92M	-2.39M
Investing Cash Flow	-3.58M	-626.00K	-5.50M	-33.98M	-28.31M	-17.34M
Financing Cash Flow	-5.32M	1.56M	1.99M	29.91M	41.57M	20.01M

Lyckegard Group AB Technical Analysis

Technical Analysis SentimentNegative

Last Price2.51

Price Trends

50DMA2.85Negative

100DMA2.88Negative

200DMA2.88Negative

Market Momentum

MACD-0.09Positive

RSI32.33Neutral

STOCH15.79Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:LYGRD, the sentiment is Negative. The current price of 2.51 is below the 20-day moving average (MA) of 2.67, below the 50-day MA of 2.85, and below the 200-day MA of 2.88, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 32.33 is Neutral, neither overbought nor oversold. The STOCH value of 15.79 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:LYGRD.

Lyckegard Group AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

SE:LYGRD against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SE:LYGRD	53Neutral	SEK 173.56M	19.72	―	―	12.70%	―
SE:NNH	51Neutral	SEK 92.93M	20.34	―	1.66%	2.70%	-43.94%
SE:ENZY	46Neutral	SEK 589.85M	-14.88	―	―	-2.36%	23.44%
SE:BOMILL	44Neutral	SEK 55.55M	-6.89	-65.53%	―	395.33%	67.64%

* General Sector Average

Performance Comparison

SE:LYGRD and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:LYGRD	Lyckegard Group AB	2.51	0.15	6.36%
SE:BOMILL	BoMill AB	0.38	-0.21	-35.74%
SE:SE0009994445	Seamless Distribution Systems AB	7.10	1.10	18.33%
SE:BAWAT	Bawat Water Technologies AB	0.91	-0.12	-11.65%
SE:NNH	New Nordic Healthbrands AB	15.05	-6.40	-29.84%
SE:ENZY	Enzymatica AB	2.49	0.57	29.69%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 04, 2026

Lyckegard Group AB AI Stock Analysis